NANYANG TECH Drone Co., Ltd. held board meetings, supervisory board meetings, and an extraordinary shareholders' meeting on July 4 and July 22, 2025, respectively, to review and approve the proposal on changing the purpose of repurchased shares and cancellation. The purpose of the repurchased shares approved in April 2022 has been changed from "30% for employee stock ownership/equity incentives, the remainder for sale" to "cancellation and reduction of registered capital." The company plans to cancel 6,013,081 shares from the repurchase special account, reducing the total share capital from 990,929,102 shares to 984,916,021 shares, with a simultaneous reduction in registered capital. According to the Company Law, creditors may request the company to repay debts or provide guarantees with valid debt documents within 45 days from the date of the announcement. Failure to declare within the time limit does not affect the validity of the debt. For specific announcements, please refer to the Securities Times and the Giant Tide Information Network